Top News
Boston Office, Retail Building Trades for $43.5Mln
FoxRock Properties has paid $43.5 million for the 76,698-square-foot office and retail building at 176 Federal St. in Boston. The Quincy, Mass., company bought the property from Charter Capital Management Inc. of Boston in a deal brokered by Newmark. Centreville...
Greystar Breaks Ground on 233-Unit Apartment Property in Chicago
Greystar Real Estate Partners has broken ground on a 233-unit apartment property at 166 North Aberdeen St. in Chicago's Fulton Market neighborhood. The property will have studio, one-, two- and three-bedroom units and include a swimming pool, fitness center, 5,650-square-foot...
2 Suburban Baltimore Warehouses Trade for $24.2Mln
Baltimore Business Journal MDH Properties has paid $24.2 million, or $163.88/sf, for two warehouses with a combined 147,672 square feet in the Baltimore suburb of Hunt Valley, Md. The Atlanta investor bought the properties from an undisclosed seller. The portfolio...
Ground to Break Next Year on Massive Mixed-Use Complex in Arlington, Va.
Bisnow A venture that includes Open Realty Advisors, Hanover Co. and Origami Capital Partners plans on breaking ground early next year on the first phase of the massive Rivana at Innovation Station mixed-use complex in Arlington, Va. The initial phase...
KKR Buys Hotel Portfolio, Assumes $780Mln CMBS Loan
KKR & Co. has acquired a portfolio of 48 select- and limited-service hotels with 6,402 rooms in a deal that included the assumption of what had been a troubled $780 million CMBS loan. The loan is securitized through Credit Suisse...
Freddie Mac’s Debby Jenkins Takes Top Multifamily Post at Kayne Anderson
Deborah Jenkins, head of Freddie Mac's multifamily business since 2018, has left the housing-finance agency and joined Kayne Anderson Real Estate as head of housing and its multifamily impact strategy, effective Dec. 1. Jenkins had joined Freddie in 2008 from...
IRA Capital Buys Beverly Hills, Calif., Office Property for $153Mln
IRA Capital has paid $153 million, or $1,492/sf, for the Post, a 102,500-square-foot office property in Beverly Hills, Calif. The Irvine, Calif., investment manager purchased the property from a venture of Worthe Real Estate Group and Invesco Real Estate....
Wells Fargo, Deutsche Bank Lead $450Mln Loan Against Manhattan’s Americas Tower
Commercial Real Estate Direct Staff Report A group of lenders led by Wells Fargo Bank and Deutsche Bank has provided $450 million of financing against the 1 million-square-foot Americas Tower office building in Manhattan. The loan allowed the property's...
Hot Demand for Industrial Moves Developers to Lesser Locations
The heated demand for industrial space is having a positive impact on what previously might have been overlooked markets in certain parts of the country. A beneficiary is Hazleton, Pa., roughly 45 miles from the heart of the red-hot...
Group RMC Buys 491,092-SF Office Building in Houston
Houston Business Journal Group RMC has bought 5718 Westheimer Road, a 491,092-square-foot office building in Houston's Galleria area. JLL Capital Markets brokered the deal for the seller, which was not identified. The purchase price was not disclosed, but the...
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Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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